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Danske Tells Corporate Clients It Doesn't Want All Their Excess Cash

Denmarks biggest bank struggles with near-record deposits.

By Frances Schwartzkopff, Bloomberg | Updated on August 15, 2017

Danske Bank A/S is telling corporate clients to think hard about what to do with their excess cash before Dec. 31, because Denmark’s biggest lender doesn’t want it in deposit accounts.

After a world-record-setting half decade of negative interest rates, Denmark still has a few surprises up its sleeve that show how such a monetary regime works in practice. Though corporate clients need to pay to place their savings with the bank, Danske is struggling to deal with near-record amounts of deposits.

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